Saskatchewan Petroleum Innovation Incentive (SPII)

Eligibility for this grant is determined by specific requirements related to the project and the applicant's activities within Saskatchewan's oil and gas sector.

• The innovation must be assessed at a minimum Level 7 on the SPII Technology Readiness Level Scale.
• The project must be new to Saskatchewan’s oil and gas industry or significantly advance the current state of the art.
• The project should demonstrate a new and significantly different commercial scale without a technical equivalent in Saskatchewan.
• The project must aim to improve oil and gas recovery, manage adverse environmental impacts, increase value-added processing capacity, or commercialize oil and gas production byproducts or waste.
• The project must involve a minimum investment of CAD$1 million in eligible capital and operating costs.
• The project must not be commercially operational prior to submitting an application.
• Applicants must either directly own the innovation or have a recognized licence for the innovation.
• The research and development of the innovation does not need to occur within Saskatchewan.

Who is eligible?

The Saskatchewan Petroleum Innovation Incentive (SPII) is open to corporate entities seeking to drive innovation within Saskatchewan’s oil and gas industry. It embraces projects at various stages, from pilot to commercial scale, provided they align with the strategic goals of advancing technological capabilities and enriching the industry with novel solutions.

• Corporate entities proposing projects that integrate new or significantly advanced innovations within Saskatchewan's oil and gas sector.
• Applicants demonstrating projects that are novel to the province's industry or substantially enhance existing practices.
• Projects aiming to improve oil and gas recovery, manage environmental impacts, enhance processing capacity, or commercialize byproducts.
• Firms that meet the technical readiness requirements and can engage multiple stakeholders or sites to achieve project objectives.

Who is not eligible

The grant documentation does not explicitly detail any industries or types of companies that are ineligible. However, the focus is on innovations in Saskatchewan's oil and gas sector.

Eligible expenses

The grant covers specific expenses that are directly tied to the execution of eligible projects in Saskatchewan's oil and gas industry.

• Eligible capital costs amounting to at least CAD$1 million.
• Eligible operating costs necessary to carry out the approved project.
• Costs incurred in a pilot or commercial scaling project under the SPII.
• Costs that have been expert-verified by a third party.

Eligible geographic areas

SPII is a program available to companies operating within Saskatchewan, Canada, as administered by the Ministry of Energy and Resources. It is specifically tailored to enhance innovations in the province's oil and gas industry.

• Companies conducting eligible projects within the province of Saskatchewan.

Here are additional relevant details for this grant:

• Credits are fully transferable, allowing non-producers or non-royalty payers to benefit by transferring these credits to others.
• The SPII can be combined with other incentive and grant programs available in Saskatchewan, offering additional financial leverage.
• The program encourages collaborative projects involving multiple companies, with costs incurred by firms other than the principal applicant.
• Unused credits will expire on March 31, 2040, unless other terms are stated in the agreement.